Canada · Delayed Price · Currency is CAD Brookfield Asset Management Earnings Call Transcripts
Fiscal Year 2026
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Fee-related earnings rose 11% year-over-year, with $21 billion raised in Q1 and strong momentum across infrastructure, private equity, and credit. Strategic acquisitions and disciplined capital allocation position the business for a record 2026, with robust liquidity and expanding margins.
Fiscal Year 2025
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Fee-related earnings and distributable earnings reached record highs in 2025, driven by strong fundraising, diversified capital deployment, and robust segment performance. 2026 is expected to surpass long-term growth targets, with significant contributions from recent acquisitions and continued expansion in AI infrastructure and private wealth channels.
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Diversified operations and strong fundraising underpin robust growth, with AI infrastructure emerging as a major long-term opportunity impacting all business lines. Insurance and private credit platforms are expanding, while real estate fundamentals and monetization activity are improving as capital markets recover.
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Record fundraising and deployment drove double-digit earnings growth, with fee-bearing capital up 8% year-over-year. Major fund launches, strategic acquisitions, and strong market conditions support a positive outlook, targeting to double the business by 2030.
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Plans to double in size within five years, driven by new products, partnerships, and expanding into individual investor channels. Exceeded prior growth targets, with 16-18% annual earnings growth expected and additional upside from 401(k) access, new funds, and M&A.
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Fee-related earnings rose 16% and distributable earnings 12% year-over-year, with $22B raised in the quarter and $85B deployed year-to-date. Strategic focus on AI, renewables, and retail channels is driving growth, supported by robust fundraising and strong market conditions.
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Record quarterly earnings and fee-bearing capital growth were driven by strong fundraising, diversified deployment, and robust demand for real estate and credit strategies. Liquidity and balance sheet strength were enhanced by a successful bond issuance and share repurchases.
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The meeting covered director elections, auditor appointment, and executive compensation, all of which passed. Record financial results were reported, with $1 trillion in AUM and a 15% dividend increase. Strategic plans include doubling fee-bearing capital in five years.
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Shareholders approved a plan to simplify the corporate structure by exchanging shares, aiming to enhance transparency and market value. The resolution passed with strong support, and the board will review its composition before the next annual meeting.
Fiscal Year 2024
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Record fundraising and strong earnings growth in 2024, with fee-bearing capital up 18% to $539B and robust performance across all segments. Outlook for 2025 is positive, driven by flagship and complementary strategies, with continued expansion in credit, private wealth, and insurance channels.
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Execution of established strategies and a constructive market backdrop are driving ambitious growth targets, with fundraising expected to reach $100–$150 billion annually. Monetizations and capital deployment are set to accelerate in 2025, especially in the U.S. and across infrastructure, renewables, and private credit.
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Record Q3 results with fee-bearing capital up 23% to $539B and fee-related earnings up 14%. Strong fundraising, strategic acquisitions, and robust monetization activity set the stage for continued growth, with a five-year plan to double the business to $1T in fee-bearing capital.
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Plans to double AUM in under five years are underpinned by leadership in infrastructure, renewables, credit, and real estate, with a focus on operational excellence and expanding into retail and insurance channels. The business targets $1.1 trillion in fee-bearing capital, 15%+ dividend growth, and significant margin expansion, leveraging a stable, asset-light model and deep client relationships.
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Q2 2024 saw $68B in capital raised, AUM reach $1T, and strong growth in credit, insurance, and renewables. Fee revenues and margins improved, with robust deployment and monetization expected in H2. Major deals and a $0.38 dividend were announced.